Monday, 3 July 2017

EPIC RESEARCH MCX COPPER UPDATE OF 03 JULY 2017

Copper trading range for the day is 384-392.6. Copper prices settled flat paring its gains pressured by a firmer dollar and a rise in inventories, offsetting better than expected factory growth in China. Copper production at Chile's Escondida copper mine, the world's largest, fell 63 percent in the first quarter of 2017 from a year earlier amid a prolonged strike. China's factories grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth.